As reported by Puls Biznesu, there will be no negative interest rate at & nbspmBank, but penalty charges on excess deposits for natural persons are indeed possible.

During mBank’s virtual conference titled “Nowe Perspektywy” CEO Cezary Stypułkowski showed what he could look like in his own example.


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Stypułkowski has bank accounts in the United Kingdom. For this in & nbspfuntach, he doesn’t pay anything, because he once lived and worked in the UK. However, from & nbspeuro – & nbsp after exceeding a certain limit – & nbsp, a fine of € 200 per month is already charged.

Penal fees instead of negative rates


The bank is charging it because negative interest rates were introduced in the Eurozone a few years ago.

How does this relate to the situation in Poland? The NBP benchmark rate as of May 2020 is 0.1%. So it is not negative. However, as of 2016, banks are required to pay a bank tax of 0.44%. On the basis of assets.

Treasury investments are an exception – they are not banks that do not pay taxes, but commercial bank deposits at & nbspNBP do.


Therefore, after the penalty fees are applied, the clients’ funds do not flow in against the excess deposits, the bank intends to make its investment services more widely available in the so-called asset management (i.e., asset management).

Would you recommend robots at mBank?

According to the head of mBank, this trend is the future of the enterprise, & nbspbank has not been invested in this regard. He noted that there will be a lot of robots in managing the new assets. The new service must be “highly automated”.


“Most of the clients should be able to choose for themselves, possibly from many options” – stated Stypułkowski.

Wealthy clients will still receive traditional investment advice and nothing will change at & nbspmBank in that regard.